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2020-10-28 23:46:33 UTC
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PermalinkTrump Will Have $900 Million Of Loans
Coming Due In His Second Term If Hes
Reelected
Oct 19
Whether or not Donald Trump wins the
election, lenders will expect his
businesses to pay back an estimated
$900 million in the next four years,
an alarmingly accelerated timetable
that involves more than twice as much
debt as the president previously
indicated. In order to emerge unscathed,
Trump will likely have to engage in a
series of high-stakes, big-money
transactionsdeals that could produce
arguably the biggest conflicts of
interest than an American president has
ever had to face.
About half of the debt coming due from
the start of 2021 to the end of 2024
is secured against assets that the
president and his children own outright.
He will have to pay back loans against
his hotel in Washington, D.C., his golf
resort in Miami and his tower in Chicago.
Hell also have to sort out the debt
against Trump Tower and Trump Plaza in
New York City.
The rest of the loans are held against
1290 Avenue of the Americas in Manhattan
and 555 California Street in San
Francisco, office buildings in which the
president has a 30% limited partnership
interest. Those properties currently
have a combined $1.5 billion in debt
against them, and Trumps indirect share
of their liabilities adds up to an
estimated $447 million. As a limited
partner, however, he presumably has less
control over those obligations, as well
as some protection if the properties
fail to pay back their loans. You know
what limited meanslimited as to
liability, Trump explained in a 2015
interview with Forbes, adding, Where
that is good is in bad times. If the
world collapses, Im not responsible
for putting up any money.
https://www.forbes.com/sites/danalexander/2020/10/19/trump-will-have-900
-million-of-loans-coming-due-in-his-second-term-if-hes-reelected/#1fa563
f5f376
Maybe he's going to Chinese prison instead of here!Coming Due In His Second Term If Hes
Reelected
Oct 19
Whether or not Donald Trump wins the
election, lenders will expect his
businesses to pay back an estimated
$900 million in the next four years,
an alarmingly accelerated timetable
that involves more than twice as much
debt as the president previously
indicated. In order to emerge unscathed,
Trump will likely have to engage in a
series of high-stakes, big-money
transactionsdeals that could produce
arguably the biggest conflicts of
interest than an American president has
ever had to face.
About half of the debt coming due from
the start of 2021 to the end of 2024
is secured against assets that the
president and his children own outright.
He will have to pay back loans against
his hotel in Washington, D.C., his golf
resort in Miami and his tower in Chicago.
Hell also have to sort out the debt
against Trump Tower and Trump Plaza in
New York City.
The rest of the loans are held against
1290 Avenue of the Americas in Manhattan
and 555 California Street in San
Francisco, office buildings in which the
president has a 30% limited partnership
interest. Those properties currently
have a combined $1.5 billion in debt
against them, and Trumps indirect share
of their liabilities adds up to an
estimated $447 million. As a limited
partner, however, he presumably has less
control over those obligations, as well
as some protection if the properties
fail to pay back their loans. You know
what limited meanslimited as to
liability, Trump explained in a 2015
interview with Forbes, adding, Where
that is good is in bad times. If the
world collapses, Im not responsible
for putting up any money.
https://www.forbes.com/sites/danalexander/2020/10/19/trump-will-have-900
-million-of-loans-coming-due-in-his-second-term-if-hes-reelected/#1fa563
f5f376